Price has broken out of the counter trendline along with breaking the lower timeframe uptrend structure. Looking for a retest above for then a continuation lower as price may be entering the impulsive stage again shortly.
Price is currently in a falling wedge bullish reversal pattern. Price made a new higher low, & today a hammer candlestick formed at structure support 0.92250, showing signs of buyers getting ready to push price above the top of the pattern up towards the top of the overall ascending channel.
Very nice setup here, as price has retested previous support as new resistance creating a new lower high, & forming a double top pattern at the zone. Now, will be waiting for a break of minor structure on the lower timeframe along with the counter trend line for price to continue the downtrend & look to make a new lower low next.
Price has made a clear break & retest of the rising wedge formation, leading with a bearish engulfing breaking through support. Watching for a slight retracement to start the week, for then price to continue making its way lower.
Price has reversed off the descending trendline, along with 106 resistance at the top. Since then, price has been forming a new downtrend making lower lows & highs. Price has found strong support at 105 support zone, I will be watching for a breakout of that zone for price to continue making its way lower towards the lows..
Price has now made a new lower high rejecting off the descending trendline for a 3rd touch which aligns with a supply zone. I am anticipating a continuation of downtrend for a new potential lower low into the support zone below.
Price is currently in a rising wedge formation, now nearing a key area of support & resistance above. Watching price for a retest of the top of the wedge once again, which aligns with the resistance zone above for a reversal to the downside & move back lower.
Price has broken out of the descending channel to the upside, along with violating the downtrend structure. Price now, is making a correction / high low & coming down into previous resistance for a retest as new potential support next creating a new higher low. From the zone below, will be watching for a rejection candle to confirm that price will make its way...
Price has made a clear breakout of the descending trendline, along with resistance structure. Now that a new higher high has been made, will be watching for a pullback to retest previous resistance as new support to create a higher low. From there, will be looking for a continuation higher to create a new potential higher high next.
Price has made a 3rd touch off the daily descending trendline above along with resistance where sellers have pushed price back down. Watching for a breakout of the rising wedge formation to confirm a downside move back towards the support zone below.
Price has broken out of the inverse head on shoulders formation to finish off last week. Will be watching for a retest / rejection of the neckline zone as new support below, for then a continuation to the upside.
Price is currently following a downtrend making lower lows & highs. Price has made a new lower low, breaking through the ascending trend line & structure. Now, will be waiting for a lower high to form, & retest previous support as new resistance above for then a continuation lower to resume the downtrend & make a new potential lower low next.
Price has made a nice correction to the upside rejecting off the supply zone above & breaking through the counter trendline. Will be looking at price to resume the downtrend this upcoming week for a new potential lower low as the correction may now be complete & price may enter the impulsive stage soon.
Price has made a nice correction up to the 50 fibonacci retracement after the last impulse move to the downside when the double top formation was made. Price has also showed a slow down of momentum, & the correction may be coming to an end. Ill be watching for a break of the counter trendline for confirmation of the next impulse move to the downside to occur for a...
Price has made a nice correction up to a supply zone where price is now being rejected. This also aligns with the right shoulder of the daily head on shoulders formation. Ill be watching for a breakout of the counter trendline for a move down into support.
Price has made a nice retracement, creating a new lower high of the new downtrend retesting previous support structure as new resistance. Next, will be anticipating a continuation of downtrend for a new potential lower low next down into the 1.15000 region ..